braddelong.substack.com/p/briefly-note…
FIRST: There are two and only two regions in the world that have successfully “converged” to leading-edge norms: Northwest and Southwestern Europe on the one hand, and the East Asian Pacific Rim on the other. With respect to the Pacific Rim... 1/
FIRST: There are two and only two regions in the world that have successfully “converged” to leading-edge norms: Northwest and Southwestern Europe on the one hand, and the East Asian Pacific Rim on the other. With respect to the Pacific Rim... 1/
...originally the belief was that it was Japan that had done something special—had taken the Hamilton-List model of development, modified it, and applied it super-successfully. Then it was Japan and the Four Tigers that had the secret sauce. But now we have added... 2/
...coastal China; Vietnam, Malaysia, and Thailand; and—perhaps—Indonesia. It is region-wide, in spite of substantial differences in policies and starting points, with the Philippines being the very odd creature out in the region. This should give us pause, and should give... 3/
...us many clues as to what is essential and what is accidental in the full-convergence process... 4/END
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